Quantbot Technologies LP Acquires 7,323 Shares of Retail Properties of America Inc (RPAI)

Quantbot Technologies LP grew its position in Retail Properties of America Inc (NYSE:RPAI) by 18.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,774 shares of the real estate investment trust’s stock after purchasing an additional 7,323 shares during the period. Quantbot Technologies LP’s holdings in Retail Properties of America were worth $570,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Commonwealth Bank of Australia grew its position in Retail Properties of America by 67.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 10,366 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 4,166 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Retail Properties of America by 0.5% in the 2nd quarter. Sei Investments Co. now owns 1,130,136 shares of the real estate investment trust’s stock worth $14,444,000 after acquiring an additional 5,345 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Retail Properties of America by 11.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 53,417 shares of the real estate investment trust’s stock worth $683,000 after acquiring an additional 5,453 shares during the period. Aperio Group LLC lifted its stake in shares of Retail Properties of America by 17.4% in the 2nd quarter. Aperio Group LLC now owns 40,799 shares of the real estate investment trust’s stock worth $521,000 after acquiring an additional 6,057 shares during the period. Finally, Chartwell Investment Partners LLC lifted its stake in shares of Retail Properties of America by 3.5% in the 3rd quarter. Chartwell Investment Partners LLC now owns 180,028 shares of the real estate investment trust’s stock worth $2,195,000 after acquiring an additional 6,108 shares during the period. Hedge funds and other institutional investors own 85.24% of the company’s stock.

In related news, Director Gerald M. Gorski sold 3,962 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $12.61, for a total transaction of $49,960.82. Following the completion of the sale, the director now directly owns 55,129 shares of the company’s stock, valued at $695,176.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by corporate insiders.

A number of analysts have recently weighed in on the stock. ValuEngine raised shares of Retail Properties of America from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. Deutsche Bank raised shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, August 28th. Zacks Investment Research raised shares of Retail Properties of America from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. JPMorgan Chase & Co. reduced their price target on shares of Retail Properties of America from $13.50 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, September 27th. Finally, Citigroup set a $15.00 price target on shares of Retail Properties of America and gave the stock a “buy” rating in a research note on Tuesday, November 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.40.

Shares of NYSE:RPAI opened at $12.82 on Friday. The company has a market capitalization of $2.77 billion, a PE ratio of 12.73 and a beta of 0.23. Retail Properties of America Inc has a twelve month low of $10.84 and a twelve month high of $13.60. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.86.

Retail Properties of America (NYSE:RPAI) last issued its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). The company had revenue of $119.14 million during the quarter, compared to analyst estimates of $118.41 million. Retail Properties of America had a return on equity of 9.39% and a net margin of 35.82%. The company’s revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share. Equities analysts forecast that Retail Properties of America Inc will post 1.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Thursday, December 27th will be paid a $0.166 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date is Wednesday, December 26th. Retail Properties of America’s dividend payout ratio is currently 62.26%.

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Retail Properties of America Company Profile

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of September 30, 2018, the Company owned 105 retail operating properties in the United States representing 19.5 million square feet.

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Institutional Ownership by Quarter for Retail Properties of America (NYSE:RPAI)

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